ReliaStar Said Likely Bidder For Amsouth's IFC Brokerage

Amsouth Bancorp, looking to get out of the third-party marketing business, is considering selling a business unit that provides brokerage services to more than 450 small-bank clients, according to sources familiar with the situation.

Though no deal appears imminent, Minneapolis insurer ReliaStar Financial Corp. stands out as a likely bidder for the unit, IFC Holdings Inc., according to the sources.